03038, Derry, NH

The 3038 zip code of Derry, NH has a median home value of $242,500 and a median home equity value of $118,000. This means that the majority of homes in this zip code are worth more than their original purchase price, but there are also a significant number of homes that are worth less than their original purchase price.

In terms of home prices, the 3038 zip code is relatively stable when compared to other areas in New Hampshire. Over the past five years, the median home value has increased by 2%, while the statewide average increase has been 5%. However, when looking at specific neighborhoods within the 3038 zip code, there is considerable variation in prices. For example, while the median home value in East Derry is $269,000, the median home value in West Derry is only $213,000.

One reason for this variation may be due to location. East Derry is located close to downtown Derry and has many amenities (such as restaurants and shopping) that may make it more desirable for buyers. West Derry is located further away from downtown and may not have as many amenities or be as safe for residents. Additionally, some homes within the 3038 zip code have been renovated or updated recently which could increase their market value.